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Listed below are links to weblogs that reference Grade Inflation, Media Bias and Economic Growth:

» More Bush Admin Grades from Philosophy, Computers, and Bad Writing
voluntaryXchange: Grade Inflation, Media Bias and Economic Growth Using this scale - which, mind you, is how your kids are being judged in college - Bush grades out with 10 A's in a row, and a 3.1 GPA for his entire administration (including the rec... [Read More]

» Another "A-" for the Bush Administration from voluntaryXchange
After two upward revisions, the final estimate for the growth of real GDP in the first quarter of 2006 is in at 5.6%. Using my more conservative GDP growth grading scale, this rates as an A-. Using my scale that [Read More]

» The Second Quarter Growth Grade from voluntaryXchange
The advance estimate of real GDP growth came in the second quarter came out this morning (long before some of us get out of bed out here in the high desert). The 2.5% annualized rate grades out as a C [Read More]

» Final Third Quarter Growth Report from voluntaryXchange
I'm remiss in not posting this earlier, but I have been doing other things. The final report for real GDP growth in the third quarter came in at an annualized rate of 2%. This grades out to a C using [Read More]

» Grading Real GDP Growth from voluntaryXchange
The advance estimates of real GDP growth for the fourth quarter of 2006 came in at 3.5%. That's a very low B on my preferred grading scale. It's a low A on a grading scale comparable to what U.S. college [Read More]

» This Just In: Economy Still Lousy from voluntaryXchange
The first revision of last month's announcement of real GDP growth for the first quarter of 2007 came in over half a point lower at 0.6%. We are now in low D territory on my preferred scale, and low C [Read More]

» The GDP Grade for 2007 II from voluntaryXchange
Real GDP growth for the second quarter has come in at 3.4%. This is about average for the U.S. economy, and grades out as a very high C on my standard scale. On the college student curve though, this is [Read More]

» Real GDP Growth Update and Letter Grade from voluntaryXchange
Last week was rough - I missed the update to real GDP growth. Growth is now solidly in the B range for the 2nd quarter of 2007, using my standard real GDP growth grading scale. Using the scale comparable to [Read More]

» Big Upward Growth Revision from voluntaryXchange
The advance estimate (the initial revision of last month's preliminary report) for real GDP growth in the 3rd quarter of 2007 has bumped up the growth rate an astounding 1.1%. The new rate of 4.9% still grades out as a [Read More]

» Final GDP Grade from voluntaryXchange
The final revision for U.S. real GDP growth in the 3rd quarter came in this morning at 4.9% - unchanged from the last revision. That growth rate is in the 79th percentile, and since it is a final revision it [Read More]

» Growth Grade for 2007 IV from voluntaryXchange
The economy is doing lousy - it grades out at a D or C depending on your curve. The 0.6% annualized growth of real GDP in the 4th quarter of 2007 scores out as a D on my standard scale. [Read More]

» GDP Grade for 2007 IV from voluntaryXchange
The final report on real GDP growth in the 4th quarter of 2007 came in this morning at an unchanged 0.6%. That works out to a D- on my preferred letter grade scale, and as a C- on a grading [Read More]

» The GDP Grade from voluntaryXchange
The advance estimate of real GDP growth for the first quarter came out this week at 0.6%. That's weak, but not a recession. On my preferred grading scale, this grades out as a D. On a scale that contemporary college [Read More]

» Real GDP Growth Rate Revision from voluntaryXchange
Not surprisingly (to macroeconomists, at least) the data continues to show the economy not being in a recession. [Read More]

» The Growth Grade for 2008 I from voluntaryXchange
The final estimate of real GDP growth is now in for the first quarter of 2008 is in at 1.0%. [Read More]

» The Growth Grade for 2008 I from voluntaryXchange
The final estimate of real GDP growth is now in for the first quarter of 2008 is in at 1.0%. [Read More]

» The Growth Grade for 2008II from voluntaryXchange
The advance estimate of real GDP growth is now in for the second quarter of 2008 at 1.9%. [Read More]

» Upgrade: The Revised Real GDP Growth Rate from voluntaryXchange
Wow. It's been a long time since we had an upgrade that large (no ... I'm not going to go figure out how long). [Read More]

» 2009 IV Real GDP Growth Grade from voluntaryXchange
The advance estimate for the real GDP growth rate for 2009 IV came in at 5.7% last Friday. That’s a “A” on both my preferred grade scale and on my college student grade scale. Technorati Tags: real,gdp,growth,rate,letter,grade,2009,iv [Read More]

Comments

spencer

Two wrongs do not usually make a right.

Just because school grades are inflated does not mean that economic studies should be inflated.

The average growth rate of the US economy since WW II has been 3.5%. So if you are giving an A for 3.3% growth I would still call that a biased conclusion.

David Tufte

Agreed ... BUT

I'm not making any great claims about this particular grading scale. But, it does have the virture that it is tied to a focal point - college GPAs - with which many people are familiar.

And ... there are a lot of choices to use, such as:
1) This very liberal scale,
2) My scale, which is lower than is typical, and for which I get complaints on my evaluations, or
3) Your even harder scale, which might be closer to something traditional.

Using the first one, we clearly get A's for recent performance, with the second one, we get B's for recent performance, and my guess is that you'd be happier with a C.

dearieme

I think highly of you chaps' Constitution, but can't recall the bit where it says that the Pres is responsible for economic growth rates.

David Tufte

My first lecture of the semester in Macro (available at http://www.suu.edu/faculty/tufte/05FE2020/Why_Is_Macroeconomics_So_Hard1.htm)
touches on this point.

It's only the last 50 years or so that President's have been judged that way.

John decruze

Interesting !!! nice to read this . . .

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